Economic Fears Send Oil Below $36 a Barrel - Instablogs

Economic Fears Send Oil Below $36 a Barrel - Instablogs

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Economic Fears Send Oil Below $36 a Barrel

Rahul Bhandari , Shimla: Dec 19 2008

Made Popular Dec 19 2008

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Fears the global economy will get worse dropped oil prices to levels not seen in 4.5 years. Investors shrugged off Wednesday’s record production cut by OPEC, the Organization of Petroleum Exporting Countries, pushing crude oil prices to less than...

Tags: Oil prices, OPEC, Production cut, Crude oil

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